Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated November 18, 2014
Updated November 18, 2014
474 Reviews
3.3
474 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
121 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 75 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time

    Pros

    Good benefits, co worker, understanding management

    Cons

    Busy all the time. Work life balance is hard to Get

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Economist in Washington, DC
    Current Employee - Financial Economist in Washington, DC

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    The people here are some of the smartest people I've ever been around. Opportunity for promotion for driven individuals

    Cons

    Bureacracy is an issue at Fannie Mae. Decision making may have to go through layers of management. The technology at Fannie is atrocious. Getting access is a nightmare.

    Advice to ManagementAdvice

    -

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great benefits, low stress, but company is going downhill.

    Current Employee - Data Systems Security Specialist III in Washington, DC
    Current Employee - Data Systems Security Specialist III in Washington, DC

    I have been working at Fannie Mae full-time (more than 10 years)

    Pros

    Long vacation, short work hours (if you want) and good benefits package.

    Cons

    Getting anything done is nearly impossible. SO much bureaucracy.

    Advice to ManagementAdvice

    Remove barriers.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Good to great to TERRIBLE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX

    I worked at Fannie Mae full-time (more than 10 years)

    Pros

    The "pros" prior to 2004 would have taken page upon page of samples. From 2004 forward, the pro reviews received are by people who did not work at Fannie Mae when it was really a professional and extraordinary corporation with a mission of good.

    Cons

    This used to be the greatest company. It used to be the place to work with the best-of-the-best from the mortgage industry. It used to be that we were proud to a part of the company and the service it provided to this nation. Management used to be highly respected and we were a family from the top down. The CEO used to come to town and UNDERSTAND what your job was and be able to speak with you about it. He even introduced himself to you if he did not know you and engaged you in conversation, making you feel that he may not know you personally but he knew the importance of your job and its' function in the company.. Then came 2004 and the new cronies of upper management followed...referred to as "the entitles". From there the slide downward went at turbo speed. There are both upper and middle management who have NO IDEA how a mortgage loan starts, the basics of underwriting, risk and partnership with lenders to help them make better decisions. It became all about the money and less about the housing and education of America and the mortgage industry. The new management ran away the respectable management and those of us with longevity just stuck around to await much needed and earned retirement/pension (which was grandfathered) and is no longer offered. The day that the company started out-sourcing and contracting the worse of the worst, many of us who had waited for the company to come back, started thinking it is time to go. This company is now equal to Enron. Management gets all the benefits (golden parachutes and wealth) while the richly knowledgeable long-term employee is no longer wanted. It has become a revolving door of incompetence, mismanagement and people drawing a salary until the well runs dry.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Company treats Promotions/advancements with Bias

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Talent Acquisition Professional in Washington, DC
    Current Employee - Talent Acquisition Professional in Washington, DC

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    People, Compensation/Benefits. The work is challenging and the pay and benefits are like "golden handcuffs". Executives at this company are paid an exorbitant amount of money but everyone is compensated well.

    Cons

    Limited career growth; promotions heavily influenced by internal politics and "who you know" philosophy. Senior leadership is not approachable/not visible

    Advice to ManagementAdvice

    Upper Management has no intention of changing the status quo so sharing is a waste of effort

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    EXCITING TIME OF CHANGE

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae (more than 5 years)

    Pros

    If you enjoy change management and want opportunities to develop new skills, it's a great place to be.

    Cons

    The future is uncertain and not within the control of management and the Board.

  8.  

    Good place to work but could be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources in Washington, DC
    Current Employee - Human Resources in Washington, DC

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    Benefits are top notch, decent pay, smart people, career opportunities

    Cons

    Management needs more training, a lot of executives bring in "their people", lack of diversity in executive space, relationships trump hard work

    Advice to ManagementAdvice

    Listen to your employees about management

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great place to work if you aren't trying to get rich

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst II in Washington, DC
    Former Employee - Business Analyst II in Washington, DC

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Smart coworkers
    Easy hours
    Flexible schedule
    Graduate school reimbursement
    Recruiters are always contacting you for new jobs elsewhere

    Cons

    Pay is low for financial services due to the fact that Treasury gets all profits (per terms of conservatorship). Bonuses for people like me (late 20s) are low compared to other financial services companies.

    Advice to ManagementAdvice

    Unfortunately there's nothing they can do. Conservatorship is terrible. It is essentially a government job.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    This is not a credible company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Chicago, IL
    Former Employee - Business Analyst in Chicago, IL

    I worked at Fannie Mae full-time (more than 10 years)

    Pros

    If you have a family there are good benefits.

    Cons

    Not a good company to work for with regard to how they treat employees who speak up, They do not treat all employees the same. They can and will get away with nonethical practices. Very political. Low Morale -- especially amongst employees who have worked at this company for 10+ years

    Advice to ManagementAdvice

    It starts from the top down. Once management changes their attitude and way of treating people their direct reports will follow suit.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Fannie Mae Response

    Nov 13, 2014Company Representative

    First we would like to thank you for over 10 years of service to Fannie Mae. We appreciate you taking the time to leave us a comment. Each review is very important to us and we read each one of them ... More

  11.  

    oracle dba

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    it has a flex hours

    Cons

    uncertain future due to current situation

Work at Fannie Mae? Share Your Experiences

Fannie Mae

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.